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KLCI bounces off day's low to close above 1,850 (Update)

KUALA LUMPUR: Late buying of selected stocks including KL Kepong and Genting Bhd enabled the FBM KLCI to close at the day's high of 1,850 on Friday - the highest since Jan 2 this year.


Biz news and views

WHEN Puncak Niaga Holdings Bhd announced on Monday that it wouldn’t ask shareholders to decide on the Selangor government’s offer for its water assets unless the deal included certain conditions, the company made a curious statement.


Boost for Lafarge's M'sian position; 'buy' for TNB and Sime

LAFARGE SA and Holcim Ltd agreed to merge to form the world’s biggest cement maker with more that US$40bil (RM133bil) in sales. The enlarged entity will also cut overcapacity and energy expenses. The new company will be called Lafarge-Holcim.


AmResearch maintains Buy on Tenaga

KUALA LUMPUR: AmResearch has maintained its Buy call on Tenaga Nasional (Tenaga) with an unchanged DCF-derived fair value of RM14.90 a share, it said on Tuesday.


AmBank expands network with new branch in Sungai Petani

SUNGAI PETANI: AmBank (M) Bhd has extended its coverage with the opening of its latest branch at Lagenda Heights here, its 41st in the northern region.


Palm oil biodiesel programme to cover all of Malaysia by July

MALAYSIA’s B5 biodiesel programme will be fully implemented nationwide this July – three years after the initial phase launch in the central region in the Peninsula.


Trading ideas: Barakah, Tenaga, Kulim, Eversendai

KUALA LUMPUR: JF Apex Research expects Barakah Offshore Petroleum, Tenaga Nasional, Kulim and Eversendai to see some trading interest on Tuesday as investor sentiment is expected to improve following the firmer overnight close on Wall Street.


Kim Eng sees Bursa hitting 1,940 by year-end

GEORGE TOWN: Bursa Malaysia is expected to hit 1,940 points by the year-end from about 1,860 currently, as foreign funds are expected to make a comeback soon.


Sarawak gets highest total investments in M'sia at RM7.3bil

KUCHING: Sarawak has wooed RM7.3bil in total investments in the first quarter of this year to emerge as the state with the highest investment in the country for the period, the State Legislative Assembly was told.


Approved investment in manufacturing up 52.7%: Miti

KUALA LUMPUR: Malaysia has attracted approved investments of RM17.1bil in the manufacturing sector for the first quarter this year, up 52.7% from RM11.2bil in the corresponding period of 2013, according to the Ministry of International Trade and Industry (Miti).